Voleon Capital Management LP Increases Holdings in Rubrik, Inc. $RBRK

Key Points

• Voleon Capital Management LP increased its stake in Rubrik, Inc. by 50.7% during the first quarter, making the company its 21st largest holding with a total of 186,205 shares valued at approximately $11.36 million.
• Several other institutional investors, including Amundi and Comerica Bank, also raised their stakes in Rubrik during the same period, indicating a growing interest from hedge funds.
• Wall Street analysts have a favorable outlook for Rubrik, with 15 analysts rating the stock as a "Buy" and the average target price set at $100.38, reflecting strong potential for growth.

Voleon Capital Management LP increased its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 50.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 186,205 shares of the company's stock after buying an additional 62,627 shares during the quarter. Rubrik comprises about 0.9% of Voleon Capital Management LP's holdings, making the stock its 21st largest position. Voleon Capital Management LP owned approximately 0.10% of Rubrik worth $11,355,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Voloridge Investment Management LLC purchased a new position in shares of Rubrik during the fourth quarter worth about $85,331,000. Green Alpha Advisors LLC grew its holdings in shares of Rubrik by 53.4% during the first quarter. Green Alpha Advisors LLC now owns 8,114 shares of the company's stock worth $495,000 after buying an additional 2,824 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Rubrik by 168.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company's stock worth $43,610,000 after buying an additional 418,457 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Rubrik by 23.1% during the first quarter. Northern Trust Corp now owns 236,649 shares of the company's stock worth $14,431,000 after buying an additional 44,373 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Rubrik by 14.0% in the 4th quarter. Ameriprise Financial Inc. now owns 29,213 shares of the company's stock valued at $1,909,000 after purchasing an additional 3,593 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company's stock.

Insider Buying and Selling

In other Rubrik news, CTO Arvind Nithrakashyap sold 43,128 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $88.56, for a total value of $3,819,415.68. Following the completion of the transaction, the chief technology officer directly owned 38,122 shares in the company, valued at approximately $3,376,084.32. The trade was a 53.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Brian K. Mccarthy sold 25,000 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $85.97, for a total value of $2,149,250.00. Following the completion of the transaction, the executive owned 431,052 shares of the company's stock, valued at $37,057,540.44. This trade represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 910,586 shares of company stock worth $82,305,628 in the last three months. 32.38% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RBRK. Barclays lifted their price objective on Rubrik from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Wednesday. Truist Financial lifted their price target on shares of Rubrik from $90.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Guggenheim lifted their price target on shares of Rubrik from $105.00 to $108.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Mizuho downgraded shares of Rubrik from an "outperform" rating to a "neutral" rating and lifted their price target for the company from $75.00 to $86.00 in a research report on Thursday, May 15th. Finally, Oppenheimer reiterated a "market perform" rating on shares of Rubrik in a research report on Friday, June 6th. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $104.06.

Rubrik Price Performance

RBRK traded down $17.41 during trading on Wednesday, hitting $81.09. The company's stock had a trading volume of 18,653,748 shares, compared to its average volume of 2,601,865. The firm's 50 day moving average price is $88.06 and its 200-day moving average price is $79.34. The stock has a market cap of $15.69 billion, a PE ratio of -34.66 and a beta of 0.43. Rubrik, Inc. has a twelve month low of $30.09 and a twelve month high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings results on Tuesday, September 9th. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.15). The business had revenue of $309.86 million during the quarter, compared to the consensus estimate of $282.26 million. The business's revenue was up 44.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.40) EPS. Rubrik has set its Q3 2026 guidance at -0.180--0.160 EPS. FY 2026 guidance at -0.500--0.440 EPS. Equities analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current year.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.